Advanced Micro Devices, Inc. $AMD Stock Position Lifted by Waycross Partners LLC

Waycross Partners LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,564 shares of the semiconductor manufacturer’s stock after buying an additional 6,176 shares during the period. Advanced Micro Devices comprises about 2.9% of Waycross Partners LLC’s holdings, making the stock its 13th largest holding. Waycross Partners LLC’s holdings in Advanced Micro Devices were worth $37,051,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Citizens Financial Corp lifted its stake in Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest boosted its holdings in Advanced Micro Devices by 1.5% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after acquiring an additional 17 shares during the period. Private Client Services LLC boosted its holdings in Advanced Micro Devices by 1.7% during the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after acquiring an additional 18 shares during the period. Essential Investment Partners LLC grew its position in Advanced Micro Devices by 40.0% in the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after acquiring an additional 18 shares in the last quarter. Finally, CKW Financial Group grew its position in Advanced Micro Devices by 1.3% in the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after acquiring an additional 18 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on AMD shares. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the stock a “neutral” rating in a research note on Wednesday. Union Gaming Research reissued a “positive” rating on shares of Advanced Micro Devices in a research note on Wednesday. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Morgan Stanley upped their target price on shares of Advanced Micro Devices from $465.00 to $510.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. Finally, HSBC reaffirmed a “hold” rating and set a $540.00 target price on shares of Advanced Micro Devices in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $643.69.

Advanced Micro Devices Stock Up 11.0%

Shares of Advanced Micro Devices stock traded up $44.64 on Friday, reaching $449.04. 45,659,370 shares of the company were exchanged, compared to its average volume of 21,429,916. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The company has a market cap of $733.04 billion, a P/E ratio of 97.62, a price-to-earnings-growth ratio of 4.79 and a beta of 2.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock’s 50 day moving average price is $546.81 and its 200-day moving average price is $414.98.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm’s revenue was up 44.7% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Insiders Place Their Bets

In other news, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.